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LMAX Digital, part of the LMAX Exchange Group, just announced that the volatility over the last few days has seen the exchange hit new highs of over $400m in daily volumes (or over $600m this weekend alone), with May set to surpass April (monthly volumes of $2.2 billion) as the best month for the exchange.

We believe this is only the start of something much bigger. Exchanges like LMAX Digital are playing a crucial role in bringing the major cryptocurrencies into wider circulation, helping them to become part of mainstream capital markets. Ultimately, whether it’s Bitcoin or a separate digital asset that one day reigns supreme, we believe that blockchain technology will fundamentally revolutionise capital markets particularly in the realm of settlement, payments and reconciliation. Those key back office developments require an efficient digital value transfer, hence the need for a credible crypto currency market.

Jenna Wright, Head of LMAX Digital, said:

Cryptocurrencies are becoming more and more accepted and LMAX Digital has seen a huge increase in demand for digital currencies from institutional investors. They trust our platform as a safe and credible way to trade this type of currency.

LMAX Digital offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash trading, available 24 hours a day, seven days a week, and governed by the same rules and principles as LMAX Exchange’s FCA regulated MTF (Multilateral Trading Facility). This ensures the exchange operates with best-of-breed security, compliance, KYC and anti-money laundering policies and procedures, and market participants are treated equally regardless of status, size or activity levels.